Bill Ackman is betting the Hong Kong dollar will appreciate. Does that mean you should, too, with CNBC's Melissa Lee and the Money In Motion traders. Also, how to manage a currency trade that's not working out. On August 26th, Andy Busch recommended a bullish bet on the Mexican peso. It has since fallen to a 1-year low vs. the dollar.

For most of the summer, markets seemed to pick a different European country as their focus of their angst almost every day.PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. So which countries make up the PIIGS? Why are they important to track? CNBC explains.

Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.

Premier Wen Jiabao on Wednesday offered to help Europe. But, in an unprecedented move for China, he linked the offer to a potentially onerous demand: that Europe renounce its main legal defense against low-priced Chinese exports. The NYT reports.

Governments can "create" jobs in a non-Keynesian manner. The first thing to do is generate incentives for private sector companies to hire more staff, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets at the Royal Bank of Scotland.

South Korea on Thursday dismissed as "inappropriate" recent remarks by Japan's top trade negotiator that Seoul was trying to keep the won cheap and that such efforts posed a serious challenge to Japanese firms.